The 40th edition of our curated newsletter.
In today’s newsletter we look at:
Where Dank Memes Flow Like Honey
Discord is not just a gamers’ platform anymore. For many crypto enthusiasts, the VoIP became the number one social media platform and messenger. As the author of the post puts it, Discord is a “mashup of a bunch of companies and themes and a web3 interface”.
The majority of Discord users see it as an entire world rather than a piece of software, and it even has the chance to be the metaverse’s natural social infrastructure. However, before building such a consequential business, Discord has to consider a few major improvements.
Fully Confidential Ethereum Transactions
Aztec Network’s Privacy Architecture
One might think that Ethereum is fully private, but that’s not entirely true. Aztec, a privacy-first zero-knowledge rollup on Ethereum, is the only Layer 2 built from the ground up to be fully privacy-preserving.
The nature of private transactions is tricky, and it is essential to build privacy directly into a network’s architecture. In other words, to challenge the privacy issue, we need to verify that transactions are legitimate and adequately executed without violating or exposing user data. To learn more about how Aztec preserves privacy, read the complete overview in their Medium post.
Mercuryo Co-Founder’s Piece
Do You Believe 2% of Accounts Control 95% of Bitcoin?
Statement on DeFi Risks, Regulations, and Opportunities
Since the DeFi industry is not slowing down any time soon, it managed to attract all the attention not only from the public but also from regulating authorities. Apart from numerous opportunities, the DeFi space also poses risks and challenges for regulators, investors, and the financial markets.
The article by SEC’s commissioner Caroline Crenshaw attempts to provide a brief background on the current regulatory landscape for DeFi, the role of the United States Securities and Exchange Commission and highlights two critical hurdles that the community should address.
The DeFi Data, Context, NFTs, Tools, and Trends
Web3 has become a proxy for new economic ideas on how the Internet should be architected and how individuals should share in this value creation. So instead of focusing on DeFi, a new Consensys report covers the major trends in the entire Web3.
The report highlights Web3 economy, including stablecoins, borrowing and lending, key DeFi governance, layer2 solutions, NFTs, Metaverse, smart contract auditing, and legal updates.
And How It Will Benefit Bitcoin
Taproot, Bitcoin’s most significant update after SegWit, has just been released. The purpose of this innovation is to reform the way Bitcoin’s scripts operate to improve three major concerns: privacy, scalability, and security.
An explanatory post by Binance dives deeper into the Taproot basics. It also points out that new upgrades can generate more interest around the Lightning Network and encourage multisig to be more of an industry standard.
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This is a weekly newsletter curated by our Blockchain Lead Vyacheslav Akhmetov. We cover the most sparkling events in the industry and sharing more about our journey.